The Long Investor

$WULF

A lot of people asking for this chart last week because there was a pull back and then it recovered strong on Friday and now positive PM

Not a single change to this chart since the last one we uploaded or the one before that.

$DJT

For the day that's in it, up +47% in the PM now and we have a wedge breakout and moving up the Cup and Handle formation.

Fundamentals are not great here but you are buying into Trumps use of the social media app and potential future earnings.

A route back to $102 is not outside the realms of possibilities here.

$LRCX

Lam Research has been moving beautifully and if you have been following this chart or have bought in at the end of Wave 2, you would be sitting on strong gains right now.

Wave 3 looks locked in now and the target remains as always at the 1.618 Fib at $1269.

Very good looking chart, with Wave 2 pulling back to the 0.618 - 0.65 Fib and bouncing, followed by a retest of the 200 Day MA in Dec '23 and bouncing again, textbook here.

LESSON - BUILDING A CHART - $AFRM -

My first video, just as an introduction into how I build charts and how I combine traditional Technical Analysis with Elliott Wave Theory.

• I hope to do more lessons where I explain how to use Fibonacci Retracement and Trend-Based Extensions.

• How to find support and resistance levels

• How to find Impulse wave counts and corrective wave counts.

• How a chart can become invalidated

• Incorporating indicators to back up o...

  2024-07-15 12:04:07 +0000 UTC View Post

$INTU - RC -

Nice Cup and Handle formation here, with the handle holding support on the 0.38 Fib for Wave 4 and then bouncing above the 50 and 200 Day MA, retesting the 50 Day MA from above here, so a hold here and Wave 5 target can be next at $760.

$675 is the next level that bulls need to breakout from, followed by $716 next.

$HIMS

Ok more subwaves have been added so we can see the dimensions of this Wave 3 of Wave 5.

It is hard to argue against the impulse set up here.

Remember, we sold at $24 on the 20th of June and rebought at $19.40 on the pull back, so although we made 130% between May and June, we are gaining again now on the Wave 4 buy.

This is what we love to do, maximising returns by following the wave counts

So I am showing Subwave 3 hitting the 1.618 Fib at $24.90, good start in the P...

$ONON - WATCHLIST -

$ONON bounced on its 200 Day MA in May and hit our Wave 3 target, the pull back has been standard so far to its 0.38 Fib for support and what we are waiting for now is a recapture of the 50 Day MA at $38.40, holding above this level, means a higher high and higher low and following our Wave 5 projection.

Olympics will be starting in about 10 Days and I believe that $NKE is also in an oversold position, it is hard to believe that these companies will not get a bounce from the Olympics. 2024-07-15 11:19:02 +0000 UTC View Post

$PFE - WATCHLIST -

Ok we have a wedge breakout and a breakout above the 200 Day MA which is what we have been waiting for over the last 6 weeks.

Price has not retested the 200 Day MA just yet so you have not missed anything yet if you have not already bought.

We also want to see a higher high above $29.77 too, so a higher high or a retest of the 200 Day MA at $28.60 and hold, should encourage you to start a position.

I have been doing some research into $PFE lately and it looks like they are n...

HSI

China's ruling party kicks off a 4 day event today to discuss economic growth and national issues, it is believed that this will be an opportunity to announce fresh stimulus packages, so we'll be waiting to hear more information from this event.

HSI opened lower today but held support on its 20 Day MA and above its White 0.5 Fib at 17874. As this was pointed out in the group chat, we are looking for a higher low from this pull back, after hitting resistance at the 50 Day MA late last w...

$ETH

I added 20% to my $ETH position today because we are consistently seeing higher highs and higher lows now and the 200 Day MA has been tested and bounced today, to another higher high, still more is needed but with the $ETH ETF approval due any day now, this is a bullish notice and immediately we could see large inflows into $ETH on the strength of this news, which is what happened in the middle of May, so in terms or risk v reward here, I am happy with what I see and adding makes sense here.<...

Earnings for the week - starting on the 15th of July.

We will try and focus on a lot of these names during the week and for the rest of the season.

$QQQ TOP 20

Tech took a large hit on Thursday as there was strong rotation out of Mega Cap Tech stocks into more undervalued positions, especially into Small Caps, $QQQ dropped -2% post CPI print and we also saw a strong movement into Chinese Tech stocks too...$BIDU, $BABA and $PDD being the big winners.

RSI has now dropped down from a peak of 82 down to 69 within 2 days after this drop.

The pull back was strong but again not breakout of the structure yet as there was a rally leading up to th...

$SPY TOP 20

Big event obviously happened yesterday evening with the assassination attempt of Trump, maybe 1 CM separated the difference between utter turmoil in the political landscape....Trumps reaction immediately after the event showed a stark difference between a weak looking Biden right now to a fighter and resilient Trump.....Bitcoin immediately popped after this event, which signaled that the markets believe Trump has the advantage now going into the election and we may see a follow through of thi...

$TSLA TOP 20

$TSLA was watched very closely this week and we nailed this movement and many members benefited from this, especially those who shorted $TSLA at the 1.618 Fib, price dropped fast to the yellow trend line and within $2 of the 0.38 Fib at $231 and bounced, like I said in the last upload, this happened very quickly and it would be very unusual for a Wave 4 to complete in one day and in one movement, without any clear 3 waves.

So I don't believe this pull back is complete yet and may need t...

$PLTR TOP 20

$PLTR has met some resistance at the $28 level but there is still a possibility that $PLTR can test its blue line at $29.26 before needing to pull back, as a healthy pull back before moving higher up our Wave 3 to the 1.618 Fib at $41.

So I have added in the green fib levels for when the pull back comes, these levels assume a test of the blue line first before pulling back and we can see that the 0.618 Fib aligns with the 50 Day MA, making this a confluence level.

I will be adding...

$SE TOP 20

$SE has brushed off its pull back now and has been rejuvenated since testing the green support line and has bounced strong.

$SE will shortly test its previous high level and if $SE can put in a higher high next, the trend is again confirmed to the upside and our Wave 3 at $88 is looking increasingly likely.

This has been a real triumph story for holders here, those that stuck with this or even added down in the $30's when the fundamentals remained strong.

This is why $SE wa...

$NKE TOP 20

$NKE is showing some signs of exhaustion from sellers and managed to hold above the $70 level so far, finding refugee on the final 0.887 Fib at $73.

It is now substantially below its 200 Day MA by -27%, which is a sign of how aggressive the selling has been here since its earnings report came out.

We know that the price action does not normally drift too far from its 200 Day MA, so I expect both to start merging together shortly but we need to see more now to be convinced that the...

$MSFT TOP 20

Another Mega Cap that got caught up in the rotation into Small Caps this week and this should not be too surprising for many, these Mega Caps are deep in Wave 5 and we have large insider sells in $AMZN from Bezos too, they are aware that a top is coming.

That being said, there is no breakdown either just yet and there is no reason why this can not have one more leg up to complete this impulse wave.

Earnings for the Mega Caps are coming in soon and this will shine some light on the...

$INTC TOP 20

I have added the green impulse wave now, after a breakout and strong week for $INTC, which we have been waiting for since the start of May.

Some resistance has been met at the white 0.618 Fib at $34.87 to finish the week, so I have added the green Fib levels for Wave 4 if there is a pull back before going higher to complete Wave 5 at the 200 Day MA at $38.

A pull back for a higher low at one of the green Fib levels would make this an attractive entry point if you have not added al...

$GOOG TOP 20

$GOOG attempted to retest its yellow channel breakout level this week and was unable to hold support on the outside of this trend line, we can see that the price action has extended quite high above its 50 and 200 Day MA, and in spite of this pull back, the price has not even tested its 20 Day MA either, bulls are still in control here and can send this higher, especially if they can recapture the trend line on the upside, otherwise we will monitor how $GOOG potentially tests its moving avera...

$SHOP TOP 20

My belief that $SHOP will test the 50 Day MA at the 0.38 FIB first before moving higher still remains and a hold at this confluence level at $63.64 would give us a buy signal to add again.

We also can not rule out a test of the 0.5 Fib or even the yellow trend line again to complete this Wave 2, either option should be perfectly fine with us, as long as support is found on one of these levels, we can add and this would be fine as part of an impulse wave.

The set up remains healthy...

$DIS TOP 20

$DIS is managing to hold above the 0.618 Fib and the red trend line and it is in the sweet spot where long term investors and short term traders would consider adding here, the set up is very familiar to $TGT right now but the moving averages are more in $TGT's favour, as $DIS is below both MA's now and unless a reversal can come here soon, there is a possibility of a death cross, the earnings report will likely be out before this materialises.

The RSI is showing that the price is just ...

$BTC TOP 20

I think we are all up to date with how $BTC is moving, we are all watching this like a hawk because we know that what happens with $BTC, will send ripples through the sector.

$BTC is still testing the 200 Day MA from below and as long as it can continue tapping away at this resistance, it has every opportunity to break it down and ultimately flip it to support.

What $BTC does not need now is a negative catalyst and there is a flush down, then we will be watching for a test of the ...

$AMZN TOP 20

Bezos has not been helping us out here at the $200 level, as he has set sell orders everytime the price drops in this zone, Bezos and his team are fully aware of where they are selling, a new ATH's and the masses are waiting for the 1.618 Fib to hit at $210, he can not afford to wait until then to sell as the supply will simply not be there for him to be able to sell the amount of shares that he is selling, so he is selling at an arbitrary level at $200, before the masses.

Another examp...

$AMD TOP 20

$AMD has joined the Semi party again and with news breaking on Friday that $SMCI will join the Nasdaq 100 and replace $WBA, this might be another injection into the second tier Semi companies and rise all boats together.

We uploaded this chart late in the week and can see that the 1 Fib has offered some resistance, I don't expect this resistance to hold, it is typically not a Wave 3 completed level but it could offer an opportunity for the price to pull back to find a higher low support...

$ABNB TOP 20

$DAL was one of the first large earnings reports out this week and they guided down for their next quarter which had an impact on the travel sector, $ABNB also pulled back with the market on Thursday after the CPI print too and came back to test its 200 Day MA again, after losing the 50 Day MA and rejecting at the yellow trend line.

We need to see a higher low in here to show us that this can move higher as shown, so support will need to come and hold above $141.

Earnings are expe...

$AAPL TOP 20

$AAPL continues to steam ahead and in spite of a potentially choppy week with a lot of economic data released, $AAPL managed to weather the situation and hold firm, with this week out of the way and still a number of weeks until their earnings, I expect $AAPL can have no issue moving higher to its 1 Fib at $239.

$AAPL is certainly in stretched territory now and the upside is limited, the price has a lot of breath between itself and the 50 Day MA and the RSI is showing in extended levels...

2024 DIVIDEND ARISTOCRATS - SAFE HAVEN -

In order to qualify for this list, companies must increase their dividend payment each year for at least 25 years.

Interesting companies on this list:
$TGT
$MCD
$CB
$KO
$CVX
$WMT

To name a few.

$ZS - WATCHLIST -

$ZS bulls are showing their teeth here today and up +3.5% after finding support on top of the 200 Day MA and reclaiming the level this week.

This just needs a higher high now above $203.50 to confirm the trend is to the upside as we have shown.

Nice work here and nice set up.

Holders should be considering another buy.

$ENPH

$ENPH was saved by its 0.618 Fib again and bounced very well, up +7% today and back above the 50 and 200 Day MA and a test of the breakout level at $138 is likely to happen again.

A lot of members played this smart last month and did not enter until a breakout happened followed by a retest, which did not happen, instead there was a test and a hard rejection.

Impulse wave remains valid but we have a Long Wave 2, its complex but valid.

Staying above the 50 and 200 Day MA at $1...